BUSINESS LIVE: Markets await BoE rate hike; Whitbread sales jump

Economy
By Liam

BUSINESS LIVE: Markets Await Bank of England Rate Hike; Whitbread sales jump; DS Smith volumes remain weak

By live commentary

Updated:

Markets are expecting the Bank of England to announce its 13th successive rate hike by noon, with the bank under pressure to lower consumer price inflation, which remained at 8.7 percent in May.

Traders are currently split on whether the BoE will opt for a 25 basis point increase to 4.75 percent or a larger 50 basis point increase to 5 percent.

The FTSE 100 opens at 8am. Among the companies with reports and trade updates today are Whitbread, DS Smith and Speedy Hire. Read the Business Live blog of Thursday 22 June below.

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